As of December 6, 2010, Russia utilized about 56.7 percent of the adjusted steel quota of 3,370,249 mt allocated to it by the European Union (EU) for the current year.
According to the latest figures, Russia exported a total of 1,910,758 mt of steel products to the EU in the current year up to December 6, including 1,685,346 mt of flat steel products (i.e., about 71.1 percent of the adjusted quota of 2,368,736 mt) and 225,412 mt of long steel products (i.e., 22.5 percent of the adjusted quota of 1,001, 513 mt).
Product | 2010 quota (mt) | Used quota (mt) | % of quota used |
SA Flat products | 2,368,736 | 1,685,346 | 71.1 |
SA1 Coils | 1,117,305 | 1,012,425 | 90.6 |
SA2 Heavy plate | 310,167 | 128,364 | 41.4 |
SA3 Other flat products | 670,709 | 457,165 | 68.2 |
SA4 Alloyed products | 118,360 | 41,037 | 34.7 |
SA5 Alloyed quarto plates | 28,196 | 6,194 | 22 |
SA6 Alloyed CR and coated sheet | 123,999 | 40,161 | 32.4 |
SB Long products | 1,001,513 | 225,412 | 22.5 |
SB1 Beams | 62,018 | 195 | 0.3 |
SB2 Wire rod | 365,262 | 71,069 | 19.5 |
SB3 Others | 574,233 | 154,148 | 26.8 |
Total: | 3,370,249 | 1,910,758 | 56.7 |
As SteelOrbis previously reported, the agreement signed between the European Community and Russia on October 26, 2007 regarding the trade of certain steel products provides that unused quantities for a given year may be carried over to the following year up to a maximum of seven percent of the relevant quantitative limit set out in the agreement.
As in 2009, in the current year Russia has notified the European Community of its intent to make use of this provision, and thus the adjusted quota allocated to Russia for 2010 has increased by almost six percent from 3,184,445 mt to 3,370,249 mt.
* All numbers are based on figures released by official European Union sources.